DOING BUSINESS IN VERMONT
Vermont Department of Economic Development
802-505-5496
Tim.Tierney@Vermont.gov
ThinkVermont.com
“At DED, we are devoted to supporting businesses and helping them create jobs. Employers can easily access us and our services, as they and their employees get to live, work, and play in a place where millions come to vacation every year.”
“— Joan Goldstein, Commissioner,
Vermont Department of Economic Development
FAST FACTS
Population (July 2022 est.): 647,064¹
Largest Cities (2020): Burlington (44,873); South Burlington (20,257); Rutland (15,844); Essex Junction (10,556); Winooski (8,025)¹
Real GDP (2022): $31.4 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
TARGETED GROWTH SECTORS
Emerging Technology: Recently named Advancing Gallium Nitride (GaN) Tech Hub by the U.S. EDA, the University of Vermont, GlobalFoundries, and state of Vermont are collaborating to boost GaN manufacturing through technology innovation.
Advanced Manufacturing: Key innovation industries including aerospace, control instruments, and medical equipment.
Food Processing and Manufacturing: Buoyed by craft drinks and food manufacturing alongside growing local meat processing capacity, this sector is seeing continued growth.
TOP PROJECTS
COMPANY | LOCATION |
BETA Technologies | St. Albans |
Onlogic Industrial Computers | South Burlington |
Galvion | Newport |
MSI | Morrisville |
Chroma Technologies | Bellows Falls |
Featured Locations
SUPPORT GROWTH, WORKFORCE TRAINING
Vermont Economic Growth Incentive (VEGI) provides cash payments to businesses based on revenue return generated to the state from qualifying jobs, payroll creation, and capital investments.
The Vermont Training Program (VTP) currently used by GlobalFoundries and others provides performance-based workforce grants covering up to 50% of training cost for pre-employment training, and training for new hires and incumbent workers.
TOP BUSINESS FACILITIES RANKINGS
Top 10 Outdoor Recreation | 2024 State Rankings |
